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Ripple will launch RLUSD in Japan through SBI Holdings in Q1 2026.
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RLUSD is backed 1:1 by cash, Treasurys, and equivalents.
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Stablecoin market in Japan is heating up as demand grows.
Partnership with SBI
Ripple announced Friday that it will introduce its stablecoin, RLUSD, in Japan through a partnership with SBI Holdings. Distribution will happen via SBI VC Trade, the group’s crypto arm.
About RLUSD
Launched in December 2024, RLUSD is fully backed by U.S. dollar deposits, short-term Treasurys, and other cash-like reserves. It already has a $666 million market cap and $71 million in daily trading volume.
Stablecoin Boom in Japan
SBI’s CEO said RLUSD will boost reliability and expand options in Japan’s growing stablecoin market. This follows global expansion, with Dubai approving RLUSD for payments in June.
Global Growth of Stablecoins
Stablecoins are seeing record adoption, with U.S. dollar-pegged coins reaching a supply of $266 billion in August. Ripple’s expansion into Japan could further increase RLUSD’s footprint.
